The wealth of billionaires worldwide is being slashed by the plunge of financial markets and the plummeting values of their business interests.
The wealth of billionaires worldwide is being slashed by the plunge of financial markets and the plummeting values of their business interests.
From London to New York, Moscow to Mumbai and Beijing, the wealthy, large and small, are seeing their net worth plunge by many trillions.
In its annual wealth report, Boston Consulting Group thinks assets of the wealthy will fall back to around $100 trillion this year, down $10 trillion from the total in 2007 – a survey conducted well before the worst of the stock market falls this month.
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